Welcome to our dedicated page for Donaldson news (Ticker: DCI), a resource for investors and traders seeking the latest updates and insights on Donaldson stock.
Donaldson Company, Inc. (symbol: DCI) is an industry leader in the design and manufacturing of filtration systems and replacement parts. Founded in 1915 by Frank A. Donaldson, the company revolutionized the filtration sector with the first successful air cleaner for internal combustion engines. Since its inception, Donaldson has been at the forefront of technology and innovation, continually advancing to solve complex filtration challenges.
Today, Donaldson employs over 13,000 people, including a dedicated team of 1,000 scientists and engineers. The company's cutting-edge filtration systems are utilized in a wide range of applications, from heavy-duty trucks on highways to computer disk drives that safeguard critical data.
Donaldson's operations are organized into three primary segments: Mobile Solutions, Industrial Solutions, and Life Sciences. The company's products serve diverse end markets, including construction, mining, agriculture, trucking, and industrial sectors. These segments collectively generated approximately $3.4 billion in revenue and $480 million in operating income in fiscal 2023.
As a member of the S&P MidCap 400 Index, Donaldson's shares are publicly traded on the New York Stock Exchange under the symbol DCI. The company's commitment to innovation and quality is evident in its broad array of filtration products, including air and liquid filtration systems, and dust, fume, and mist collectors.
Donaldson continues to expand its market presence and enhance its product offerings through strategic partnerships and ongoing research and development initiatives. The company remains focused on meeting the evolving needs of its global customer base, ensuring optimal performance and reliability of its filtration solutions.
For the latest updates and developments, including the company's financial performance and new projects, please refer to the latest news section below:
- Latest News: Source: Donaldson Company, Inc.
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Donaldson Company (NYSE: DCI) reported first quarter 2022 sales of $760.9 million, a 19.5% increase from 2021, with net earnings rising 24.4% to $77.1 million. The earnings per share (EPS) increased by 26.1% to $0.61. The company raised its fiscal 2022 sales and EPS guidance, expecting an 8-12% year-over-year increase, up from previous guidance of 5-10%. However, gross margin pressure from rising costs was mentioned, with a decrease to 33.8%. Operating margin improved to 14.1%. The company also highlighted strategic investments, including the acquisition of Solaris Biotech.
Donaldson Company (NYSE: DCI) has acquired Solaris Biotechnology Srl for approximately €41 million. Solaris specializes in bioprocessing equipment such as bioreactors and filtration systems for life sciences. This acquisition strengthens Donaldson's position in the life sciences market, expanding its offerings to food, beverage, and biopharma sectors. Solaris, founded in 2002 and based in Italy, has projected revenues of €5 million for 2021. CEO Matteo Brognoli will continue to lead Solaris, enhancing its growth under Donaldson's global scale and resources.
On November 19, 2021, Donaldson Company (NYSE: DCI) held its annual stockholders meeting, where preliminary voting indicated support for key resolutions. Shareholders elected three directors, including new member Christopher Hilger. They also approved the company's executive compensation practices and favored annual non-binding advisory votes on these practices. Additionally, PricewaterhouseCoopers was ratified as Donaldson's independent public accountant. Final voting results will be disclosed via Form 8-K with the SEC.
Donaldson Company, Inc. (NYSE: DCI) has declared a cash dividend of 22.0 cents per share, payable on December 22, 2021, to shareholders of record on December 7, 2021. This marks the company's 26th consecutive year of increasing annual dividends and aligns with its long-standing commitment to returning value to shareholders, having paid quarterly dividends for 66 years. Donaldson is also a member of the S&P High-Yield Dividend Aristocrats Index.
Donaldson Company (NYSE: DCI) will hold its first quarter 2022 earnings conference call on December 1, 2021, at 9:00 a.m. CST. The event will be accessible via a live webcast available on its Investor Relations website. A replay of the call can also be accessed after 12:00 p.m. CST on the same day. Established in 1915, Donaldson is a leader in filtration products, catering to various industries worldwide.
Donaldson Company (NYSE: DCI) has enhanced its iCue™ Connected Filtration Service by introducing three new features aimed at improving operational efficiency and sustainability. These updates include fan energy monitoring, bin level monitoring, and expanded pulse valve health monitoring. The service helps manufacturers reduce downtime and optimize maintenance while capturing compliance data. iCue service is offered free for six months on select dust collector models in the US, Canada, and Europe, supporting Donaldson's commitment to providing valuable insights and reducing operational costs.
Donaldson Company (NYSE: DCI), a leader in filtration solutions, will participate in Morgan Stanley’s Virtual Laguna Conference on September 14. Members of the management team will engage in a fireside chat starting at 1:30 p.m. EDT. Investors can listen live via the webcast on Donaldson's Investor Relations website. A replay will be available for 90 days post-event. Founded in 1915, Donaldson continues to drive innovation in filtration technology worldwide.
Donaldson Company reported a record fiscal 2021 with sales of $2.854 billion, a 25.2% increase in Q4'21 sales compared to Q4'20. GAAP EPS rose to $2.24 for the year and $0.66 for Q4, marking increases of 12% and 32%, respectively. For fiscal 2022, sales are expected to rise between 5% and 10%, with EPS projected between $2.50 and $2.66. Key growth drivers include strong performance in Engine and Industrial Products, although challenges like raw material costs and supply chain constraints persist.
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